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Force Motors shines on registering sales growth of 181% in April-July 2021

12 Aug 2021

Force Motors is currently trading at Rs. 1433.95, up by 45.50 points or 3.28% from its previous closing of Rs. 1388.45 on the BSE.

The scrip opened at Rs. 1435.00 and has touched a high and low of Rs. 1460.00 and Rs. 1422.55 respectively. So far 2706 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1706.25 on 13-Jul-2021 and a 52 week low of Rs. 917.95 on 12-Aug-2020.

Last one week high and low of the scrip stood at Rs. 1532.30 and Rs. 1314.15 respectively. The current market cap of the company is Rs. 1829.46 crore.

The promoters holding in the company stood at 61.63%, while Institutions and Non-Institutions held 5.21% and 33.16% respectively.

Force Motors has registered a sales growth of 172% in the domestic market and 243% in exports during April-July 2021. The company sold (domestic plus exports) 6,486 units in the period April to July 2021 as compared to 2,311 units sold in the first four months of the previous year. The company continued to consolidate its leadership position in the Large Vans segment. It witnessed growth on the back of bulk purchases of its Ambulance range made by various state governments, hospitals and service providers to enhance the healthcare infrastructure.

Force Motors is a Pune-based commercial vehicle maker. It is a fully vertically integrated automobile company, with expertise in design, development and manufacture of the full spectrum of automotive components, aggregates and vehicles.

Related Force Motors Ltd. Links:

Force Motors Share Price

1466.00 -25.90 (-1.74%) Oct 22, 18:01
1 Year Price Chart
Peers
Company Name CMP
Tata Motors 490.90
Ashok Leyland 139.05
Force Motors 1466.00
Tata Motors - DVR 250.75
SML Isuzu 741.65
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Sensex vs Force Motors
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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